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the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is. really really bad situation it's a bargain for. it's a bargain for the group good god cats and i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone catalan president for mass has made it the centerpiece of his campaign this convergence union party to hold an inde
the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people...
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producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist rallies here since the nineteen seventies over one and a half million catalans took to the streets to call for independence but the path to becoming a new european state is far from smooth the proposed referendum is against the spanish constitution what's more withdrawing from spain could also force this region to drop out of the european union those against separatism believe it could do more harm than good. separatism for catalonia would be an economic disaster multi-national companies located in barcelona for access to the spanish working and being in the e.u. that would be lost which more even of separatism
producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist...
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even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money. while europe's ruggles to find a common way forward some regions are looking for ways to go it alone in spanish cut the line and people are set to go to the polls to elect a regional government which could see a referendum on its independence artie's enter farmer has the details. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i t
even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more than money. but some regions are see europe's financial troubles as a reason to take a step away from the indebted countries spanish cut the lawn yet set to vote for its local government with separate as parties are to take the lead that's ahead for you after the shop break. which is slow often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a force breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass an
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...
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Nov 24, 2012
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among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and there arar a couple of other steps i put on the table during the campaign as well that would reduce the need to find savings that would shred the safety net or hurt the economy. i am really heartened by the of discussion that
among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number....
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Nov 24, 2012
11/12
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we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan would also make it easier for those with green cards to bring their immediate families to the u.s. >>> and this year's official christmas tree arrived at the white house friday with all the traditional fanfare atop a horse-drawn marriage. the 19 foot frasier fir is from north carolina. >>> joining me for more, white house correspondent for the hill, amy parnes. chief correspondent for mcclatchy newspaper steve selma. welcome to you both. >> thank you. >> steve, why don't you head on up here? i'm going to begin with amy. i want to read you part of speaker boehner's op-ed on fiscal cliff negotiations.
we have a little more than a month now to avoid triggering automatic tax increases, and massive budget cuts. one emerging point of contention, the president's signature affordable care act. in a cincinnati enquirer op-ed house speaker john boehner is calling for the law to be on the table in those negotiations. meantime a new political report says house republicans plan to vote next week on immigration legislation that would expand visas for foreign science and technology students. the plan...
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Nov 24, 2012
11/12
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having the conversation this morning about people spending money pore black friday and maybe their taxes will go up at the same time is this fiscal cliff threat playing any role in what we're seeing as it relates to holiday shopping? >> it is and it isn't. 64% of the people that were polled by the national retail federation said they were going to be affected by the political uncertainty and how they would be shopping this year, but last year people spend about $740 during the holiday season. that's expected to go up by-10 year to 750 so even though they are saying they are concerned about the fiscal cliff, definitely worried about their finances, the taxes, the economic climate, people do seem to have holiday fever, and they are out there shopping. when you think about what are they shopping for this year? it's a lot of big-ticket items. they are calling it the year of the toy which typical. you've got barbies and legos and furbies, and guess what else is also at the top of the list, apple products, iphones, ipads, mini ipads. those are very expensive items, and they are not being disco
having the conversation this morning about people spending money pore black friday and maybe their taxes will go up at the same time is this fiscal cliff threat playing any role in what we're seeing as it relates to holiday shopping? >> it is and it isn't. 64% of the people that were polled by the national retail federation said they were going to be affected by the political uncertainty and how they would be shopping this year, but last year people spend about $740 during the holiday...
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Nov 24, 2012
11/12
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most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and answer to americans who spoke as loud as they could on election day? >> i think both sides are trying. but right now, if santa may bring us a budget deal, but he doesn't know if washington is going to be naughty or nice over these next 38 days. before this -- it's going to put a lot of pressure on the economy if we head over the fiscal cliff. we either have to fly or we fall. and if you let these budget -- tax increases expire, and if you get these automatic cuts, you're all of a sudden going to yank a lot of money out of the economy. what does that mean? it means a smaller, shrinking economy al
most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and...
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Nov 24, 2012
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no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including this one near los angeles. it's a million square feet, and for old fashioned retailers, it's another reason to worry. why? because amazon's goal is to get items to customers faster and to be able to offer same day delivery. that's right. you can avoid stores if you want and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates distribution ce
no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they...
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Nov 24, 2012
11/12
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payments, averaging about $11 million and pay taxes on them. most winners take the lump sum. it's not the full amount, but it's not chump change either. and it's still a fine return on a $2 ticket. the largest power ball jackpot was shared in 2006 by eight workers at a nebraska meat-packing plant. their winning ticket bought together, won a $365 million prize. >> you never dream something like this would happen. >> reporter: history has shown that some big money power ball winners have not fared well. big money, big problems. but few standing in line worry about that. many dream of fancy cars, yachts, big homes, vacations and the freedom of never having to work again. others are willing to share. >> oh, i don't know. i'd give a lot to charity. >> reporter: all are sure they will be the ones who will be just fine with all those millions. for "today," mark potter, nbc news, miami. >> and of course, we can't stop chatting about what would you buy first, what would your first phone call be. >> you know what my sister used to do? she was convinced s
payments, averaging about $11 million and pay taxes on them. most winners take the lump sum. it's not the full amount, but it's not chump change either. and it's still a fine return on a $2 ticket. the largest power ball jackpot was shared in 2006 by eight workers at a nebraska meat-packing plant. their winning ticket bought together, won a $365 million prize. >> you never dream something like this would happen. >> reporter: history has shown that some big money power ball winners...